Question : Case Study 11:
LMN Enterprises is a multinational company operating in multiple countries. It is facing challenges due to changes in trade agreements and tariffs between countries.
Q:- What does the term "globalization" refer to?
Option 1: The process of reducing government intervention in the economy
Option 2: The process of nationalizing private companies
Option 3: The process of promoting import restrictions
Option 4: The process of increasing economic integration and interdependence among countries
Correct Answer: The process of increasing economic integration and interdependence among countries
Solution : The correct answer is (D) The process of increasing economic integration and interdependence among countries
The term "globalization" refers to the process of increasing economic integration and interdependence among countries. It involves the flow of goods, services, capital, technology, information, and people across national borders, leading to greater interconnectedness and the emergence of a more global economy. Globalization typically involves reduced barriers to trade, investment, and communication between countries.
Q:-What is the business environment factor affecting LMN Enterprises in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Political environment
Option 4: Social environment
Question : Case Study 9:
PQR Enterprises is a manufacturing company that has been impacted by a government policy change promoting liberalization, privatization, and globalization.
Q:- What does the term "liberalization" refer to?
Option 3: The process of protecting domestic industries from foreign competition
Option 4: The process of promoting import restrictions
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